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Bank-firm relationships and the performance of non-financial firms during the financial crisis 2008 - 09 : microeconometric evidence from large-scale firm-level data
Abildgren, Kim; Buchholst, Birgitte Vølund; Staghøj, Jonas - 2011
Utilising a unique data set with annual accounts from around 37,000 Danish non-financial firms spanning one and a half decade or so, we offer microeconometric evidence on bankfirm relationships and the performance of non-financial firms during the financial crisis 2008-09. Two major conclusions...
Persistent link: https://www.econbiz.de/10009301082
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Financing Failure : Bankruptcy Lending, Credit Market Conditions, and the Financial Crisis
Tung, Frederick - 2020
When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor-in-possession (DIP) lenders. These inducements can be...
Persistent link: https://www.econbiz.de/10012846895
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Financing Failure : Bankruptcy Lending, Credit Market Conditions, and the Financial Crisis
Tung, Frederick - 2020
When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor-in-possession (DIP) lenders. These inducements can be...
Persistent link: https://www.econbiz.de/10012828010
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Home country versus cross-border negative externalities in barge banking organization failures and how to avoid them
Eisenbeis, Robert A. (contributor) - 2006
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...
Persistent link: https://www.econbiz.de/10003730539
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Compensating Victims of Bankrupted Financial Institutions : A Law and Economic Analysis
Faure, Michael G. - 2011
mechanisms on the incentives of depositors, financial institutions, financial regulators and the government. The paper shows that … the current compensation system in the Netherlands will not provide sufficient incentives for all stakeholders to prevent … the failure of a financial institution. Adjustments to this system are necessary to improve these incentives …
Persistent link: https://www.econbiz.de/10013117821
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Coronavirus Crisis and Company Bankruptcies
Apevalova, Elena; Polezhaeva, Natalia - 2021
situation in the field of insolvency of companies. Assessments of the situation vary, and there are many reasons for this: the …
Persistent link: https://www.econbiz.de/10013216070
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Modern Pandemic Crises and Default Risk : A Worldwide Evidence
Ho (何), Kung-Cheng (恭政); Huang, Hungyi; Pan, Zikui; … - 2023
This paper examines the relationship between modern health pandemic crises and financial stability. Specifically, it collects data on 250,223 firms in 43 countries (or regions) during five modern pandemic crises, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016), and finds...
Persistent link: https://www.econbiz.de/10014258192
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Debt recovery in firm liquidations : do liquidation trustees matter?
Cepec, Jaka; Grajzl, Peter; Zajc, Katarina - 2016
Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …
Persistent link: https://www.econbiz.de/10011518156
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Long-term risk class migrations of non-bankrupt and bankrupt enterprises
Korol, Tomasz - In: Journal of business economics and management 21 (2020) 3, pp. 783-804
This paper investigates how the process of going bankrupt can be recognized much earlier by enterprises than by traditional forecasting models. The presented studies focus on the assessment of credit risk classes and on determination of the differences in risk class migrations between...
Persistent link: https://www.econbiz.de/10012270447